balance sheet

E5.12B ( Presented below is the trial balance of Do Corporation at December 31, 2020. Debits Credits SELECT Cash CATEGORY $ 98,500 CATEGORIES Current assets Sales $ 4,050,000 Investments Trading Securities (at cost, $145,000) 76,500 Property, Plant, and Equipment Cost of Goods Sold 2,400,000 Intangible Assets Long-term Investments in Bonds 149,500 Current liabilities Long-term Investments in Stocks 138,500 Long-term liabilities Short-term Notes Payable 45,000 Stockholders' equity Accounts Payable 227,500 Income Statement Selling Expenses 1,000,000 Investment Revenue 31,500 Land 130,000 Buildings 520,000 Dividends Payable 68,000 Accrued Liabilities 48,000 Accounts Receivable 217,500 Accumulated Depreciation-Buildings 76,000 Allowance for Doubtful Accounts 12,500 Administrative Expenses 450,000 Interest Expense 105,500 Inventories 298,500 Gain on Sale of Investments 40,000 Prior Period Adjustment-Depr, Error 70,000 Long-term Notes Payable 450,000 Equipment 300,000 Bonds Payable 500,000 Accumulated Depreciation-Equipment 30,000 Franchise (net of $80,000 amortization) 80,000 Common Stock ($5 par) 500,000 Treasury Stock 95,500 Patent (net of $30,000 amortization) 97,500 Retained Earnings 109000 Additional Paid-in Capital 40,000 Totals $6.227.500 $6.227.500 Prepare a balance sheet at December 31, 2020, for Do Corporation. Ignore income taxes. ENDING RETAINED EARNINGS $ 205,000 TIP: Not all accounts go on a Balance Sheet